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Unit

619 Norsewood Ormondville Road Dannevirke, Tararua District

Sold for $675,000 on 14 Oct 2022
  • 6 Beds
  • 6 Baths
  • 3 Cars
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619 Norsewood Ormondville Road, Dannevirke, Tararua District

Unit in Dannevirke

10% GROSS YIELD PRICE $780,000

  • 6 Beds
  • 6 Baths
  • 3 Cars
Listed By:
Ray White ManurewaA T Realty Limited Licensed (REAA 2008)

A little cracker of an investment with further upside, located in the quiet settlement of Ormondville, just 22 km northeast of Dannevirke.

Ex Council flats built for longevity are these very pretty 6 x 1 bedroom units in two blocks of 3 which are healthy homes compliant. Nestled on 1255m2 freehold land.

Current rental income is averaging $250 per week per unit and these units could with a little freshening up, be demanding upwards of $300 per week per unit at their next rental reviews.

An in-demand property from prospective tenants is shown by its high occupancy rate, where long-term tenants are the norm. Thus creating a hassle-free investment.

A simple and uncomplicated rock-solid investment, professionally managed and much sought after.

Contact listing agent for viewing times.

PLEASE NOTE:
All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.

Property ID:

MAN30986

Building:

260m²

Land:

1,255m² / 0.31 acres

Parking:

3 carport spaces

Bedrooms:

6

Bathrooms:

6

Listed By:
Ray White ManurewaA T Realty Limited Licensed (REAA 2008)